Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$353,265$353,265$404,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$50,835$0
Funding fee$1,766$1,766$0
Note rate2.500%2.500%7.400%
Blended rate2.500%3.318%7.640%
1st payment$1,540.97$1,540.97$2,797.91
2nd payment$0.00$381.26$0.00
Taxes / mo$245.67$245.67$245.67
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$80.82
HOA / mo$180.00$180.00$180.00
Total monthly$1,966.64$2,347.90$3,304.39
Cash to close$95,735$44,900$44,900